Boost to investor’s confidence

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The UAE government Tuesday undertook a raft of measures as part of efforts to underpin economic growth within its strategic plan 2011-2013, including the extension of visa for real estate investors to three years, from six months. The country’s property market is among the biggest casualties of the global economic crisis with the emirate of Dubai, especially, left hurting as real estate prices have plummeted more than 50% since late 2008.